In the three months ended June 30, Sharp had an operating loss of 94.1 billion yen ($1.20 billion)

Japanese TV maker Sharp has confirmed that it will be shipping the screens for Apple's next-generation iPhone this month -- and it looks like Sharp could really use the business after posting its worst net loss in a long time.

Takashi Okuda, Sharp president, announced at a press briefing in Tokyo that the company would begin shipping the new iPhone screens in August. However, a more exact date in unclear at this point.

Apple's next-generation iPhone, which is rumored to be announced on September 12, will have a slightly updated design with a screen that measures 3.999 inches diagonally (which is about 30 percent larger than the current iPhone 4S). The screens being sent Apple's way will also have a thinner screen with in-cell technology, which was developed by Sharp. This feature means that touch sensors are placed within the LCD, eliminating the extra touchscreen layer that usually accompanies the LCD. This will cut about half a millimeter of screen thickness from the iPhone's current 9.3-millimeter thick total frame.

The new iPhone will also have a smaller 19-pin dock connector (as opposed to the usual 30-pin), a relocated headphone jack, centered camera, and a unibody casing with metal backplates.

Hardware isn't the only aspect being updated, though. The new iPhone will have the latest Apple mobile operating system iOS 6 built in.

Sharp has a good thing going with its position as the screen maker for one of the world's most popular smartphones, but the truth is that Sharp isn't doing so well in other aspects of its company. Its decreased TV demand and overcapacity at its main liquid crystal display plant have both contributed to Sharp's poor first-quarter earnings.

In the three months ended June 30, Sharp had an operating loss of 94.1 billion yen ($1.20 billion). One year earlier, it had an operating profit of $3.5 billion yen. According to Reuters, the most recent earnings report is the worst net loss the company has had in a century.

It doesn't get any better, though. Sharp predicts a full-year operating loss of 100 billion yen, up from its previous forecast of 20 billion yen.